If you are also worried about surviving your old age and are planning to take a pension plan for yourself. So this news may prove effective for you. Here I am telling you about government pension schemes. The Prime Minister’s Labor-Yogi Mandhan (PMSYM) Pension Scheme, the Atal Pension Scheme (APY) and the National Pension System (NPS) are schemes that can alleviate your pension concerns. This scheme may prove to be beneficial for private workers as they do not get pension after work. Let’s find out about all the pension schemes ..
Prime Minister Shram-Yogi Madhan
The Prime Minister’s Labor Yogi Madhan Pension Scheme can be availed by any unorganized sector worker who is below 40 years of age and is not availing any government scheme. Workers associated with the unorganized sector, domestic workers, drivers, rickshaw pullers, construction workers, waste pickers, bidi workers can benefit from this.
You will get 3 thousand rupees per month
The government will give a monthly pension of Rs 3,000 to the recipients of this scheme. The government and pensioners will pay the same amount for the pension. The applicant must have a savings bank account and an Aadhaar card. The person should be under 18 years of age and not more than 40 years of age.
You have to deposit 55 rupees
If anyone starts this scheme from the age of 18, they have to deposit Rs 55 per month. At the same time, a person who starts this scheme from the age of 40 has to deposit Rs.200 per month. You will start getting pension at the age of 60.
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Atal Pension Scheme
This project is also for workers in the unorganized sector. Under this, there is a provision to give a guaranteed pension of Rs.1000, Rs.2000, Rs.3000, Rs.4000 and Rs.5000 per month after reaching the age of 60 years. Anyone up to the age of 40 can apply for the Atal Pension Scheme.
Under the current rules, if a maximum of Rs 5,000 is added to the monthly pension at the age of 18, you will have to pay Rs 210 per month. If you pay this money every three months, you have to pay Rs 626 and if you pay it in six months, you have to pay Rs 1,239.
By joining at a young age you will get more benefits
For a pension of Rs 5,000, if you join at the age of 35, for 25 years, you have to deposit Rs 5,323 in 6 months. In this case, the total investment will be 2.6666 lakh rupees, on which you will get a pension of five thousand rupees per month. At the age of 18, the total investment will be Rs 1.04 lakh. That is, a further Rs 1.60 lakh will have to be invested for a single pension.
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National Pension System (NPS)
NPS is a voluntary defined contribution retirement savings scheme and can be accepted by any salaried person. The person receiving NPS invests in equity or debt or both. The amount of money a person receiving NPS will receive in pension after completing 60 years depends on the market.
They will benefit more
After depositing Rs 4,000 per month in NPS, you can get a monthly pension of Rs 48,628 after retirement. Tax expert MK Gandhi told Live Hindustan that about 8 to 12 per cent returns are available on NPS. The responsibility of investing the money deposited in NPS has been given to the pension fund managers registered with the Pension Fund Control and Development Authority (PFRDA). Currently, 8 fund managers are involved in the project, who invest money in projects such as equities, government securities and private securities.
This will open the account
The government has made public and private banks the mainstay of the NPS scheme. You can open an account at any of the nearest bank branches. For this you need a birth certificate, tenth degree, proof of address and an i-card. The registration form for NPS can be obtained from the bank.
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